Analisis Pengaruh Cash Ratio, Firm Size, Return On Asset, dan Debt to Equity Ratio terhadap Dividend Payout Ratio

(Studi Empiris pada perusahaan publik yang terdaftar di Indeks LQ-45 periode 2013-2017)

Abstract

Dividend policy is a decision to determine whether the profits obtained by the company will be distributed to shareholders as dividends or will be held as a source of investment funds in the future. This study aims to examine the effect of Cash Ratio, Firm Size, Return On Assets, and Debt to Equity Ratio on the Dividend Payout Ratio in public companies listed in the LQ-45 index on the Indonesia Stock Exchange for the period 2013-2017. The research sample consisted of 17 publics registered in the LQ-45 index on the Indonesia Stock Exchange for the period 2013-2017 using Purposive Sampling techniques. The analytical tool used in this study is multiple linear regression, classical assumption test, and correlation coefficients that are processed using SPSS version 20.0 for Windows. Based on the results of the study it is known that the Cash Ratio, Firm Size, and Return On Asset variables don’t have a significant effect on the Dividend Payout Ratio. While the Debt to Equity Ratio has a significant negative effect on the Dividend Payout Ratio.